Pre-Built PCL

Pre-Built PCL maintains a liquidity position with a current ratio of 1.87, indicating the company can cover its short-term liabilities with its short-term assets. The company's cash and equivalents amount to 641.64 million THB, but this is offset by long-term debt of 2,229.86 million THB, resulting in a net cash position that is negative after subtracting total debt. The liquidity risk is assessed as medium, reflecting the company's moderate exposure to short-term financial stress.

In terms of profitability, Pre-Built PCL reports a return on equity (ROE) of 1.18% and a return on assets (ROA) of 0.42%, both of which are below the industry median for construction and engineering firms. This suggests the company is underperforming in terms of capital efficiency and asset utilization. The operating margin is 2.50%, and the net profit margin is 0.25%, indicating a relatively narrow path to profitability.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The absence of segment-specific revenue breakdowns limits the ability to assess the performance of individual business lines.

Looking ahead, Pre-Built PCL is expected to see a modest growth trajectory, with revenue growth projected to remain flat in the current fiscal year and a slight increase in the next fiscal year. The company's capital expenditure is negative, indicating a reduction in investment in physical assets, which may signal a focus on cost optimization or a slowdown in expansion. The company's free cash flow is 35.71 million THB, which is relatively low given the scale of its operations.

The risk assessment for Pre-Built PCL highlights a low dilution risk, with no significant dilution sources identified in the latest filings. The company's shares outstanding remain unchanged between basic and diluted shares, suggesting no imminent pressure from stock option exercises or convertible securities. However, the company's debt-to-equity ratio of 0.87 indicates a moderate level of leverage, which could become a concern if interest rates rise or if the company's operating performance weakens.

Recent events and filings do not indicate any material changes in the company's operations or financial position. The company has not issued new shares or announced significant capital raising activities in the latest reporting period. The absence of recent major events suggests a stable but unremarkable operational environment.

Free cash flow surged 258.1% year-over-year to THB 191.1 million, demonstrating significant improvement in cash generation capabilities.

Operating income jumped 81.5% year-over-year to THB 327.3 million, indicating strong operational leverage and cost management efficiency.

Net income grew 46.5% year-over-year to THB 194.4 million, reflecting robust bottom-line expansion despite modest revenue growth.

Cash conversion ratio of 4.98 ranks as best-in-class within the Construction & Engineering cohort of 828 peers.

Long-term debt decreased to THB 1.21 billion in the latest period, suggesting a deliberate deleveraging strategy.

Return on equity of 1.2% is significantly below the cohort median of 4.8%, indicating poor capital efficiency relative to peers.

Debt-to-equity ratio of 0.87 places the company in the bottom quartile of the cohort, signaling high leverage risk.

The company faces high credit risk and medium liquidity risk according to internal risk flag assessments.

Net income CAGR was negative 5.3% over the four-year period from FY-4 to FY0, showing long-term earnings decline.

Revenue THB 5.77B, +26,5% YoY; Operating income +32,0% YoY.

• ▍Revenue THB 5.77B, +26,5% YoY
• ▍Operating income +32,0% YoY
• ▍Net income +46,9% YoY
• ▍Free cash flow +36,3% YoY
• ▍Net margin 6.1%

Revenue THB 4.56B; Operating income THB 337.1M.

• ▍Revenue THB 4.56B
• ▍Operating income THB 337.1M
• ▍Net margin 5.3%